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back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agre
back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the...
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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. >>> likewise, gm so i remembered after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq and, sorry, a.m. ex, your gold card has nothing on this, a new pure gold diamond and mother of pearl card from a bank in kazakhstan. the price, 100,000 big ones. shake your head at that. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a firsthand look at the devastation in his old stomping grounds, the "jersey shore." you're watching "early today." >>> well, welcome back to "early today" this november 1st. the cool air has invaded behind sandy. that's going to stick with the areas that don't have power. pretty quiet weather forecast across the country. there's really no big storms in sight today. even tomorrow looks relatively drank will. just a few showers rolling through the northern plains. let's fast forward to election day. we've been focusing on the swing states. thankfully it looks like the storm will be a coastal storm heading out to sea avoiding areas without
. >>> likewise, gm so i remembered after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq and, sorry, a.m. ex, your gold card has nothing on this, a new pure gold diamond and mother of pearl card from a bank in kazakhstan. the price, 100,000 big ones. shake your head at that. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a...
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big town home town pamer news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy." cleveland plain dealer's er89 says "flailing in ohio romney rolls out jeep ploy." say what want about mr. romney's overall relationship with the
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay. >> willie, what do you think of cargate? >> cargate. they shouldn't lie. >> i think it's subjectively untrue. the ad. i think that pretty much ends it, right? it's false. no? >> what romney said on the stump was false. the ad is true. >> right. >> it's misleading, but it's true. >> explain what you mean. >> i'm sorry. what? >> production in the u.s. that exists. they're making jeeps in the u.s., selling them in the u.s. they're talking about making jeeps to sell in china in china. romney initially suggested on the stump, wrongly, that they were going to move all jeep production to china, including selling -- bu
the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay....
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obama took gm and chrysler into bankruptcy and sold chrysler into china aen the italians. >> that ad is drawing an awful lot of heat that chrysler is outsourcing its jeep production into china. they say they have no intention of shifting american production overseas but there are talks of putting a jeep assembly plant in china to serve the growing demand, not to close one here in the united states in order to make way for the one in china. for the first time in 40 years iowa's largest new hampshire endorsing a republican. they cited his flesh economic vision. although they supported president obama in 2008, they're saying romney is more likely to work across the aisle. the paper asked which candidates could forge the compromise. when it's asked like that, mitt romney is the one they believe. romney has made rebuilding the economy his number one campaign priority and rightly so. that's from the des moines register. obama deputy campaign manager stephanie cutter dismissed the endorsement yesterday morning. >>> it was a little surprising to read that editorial because it didn't seem to
obama took gm and chrysler into bankruptcy and sold chrysler into china aen the italians. >> that ad is drawing an awful lot of heat that chrysler is outsourcing its jeep production into china. they say they have no intention of shifting american production overseas but there are talks of putting a jeep assembly plant in china to serve the growing demand, not to close one here in the united states in order to make way for the one in china. for the first time in 40 years iowa's largest new...
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he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where they say barack obama sold gm to italians who are going to build jooirps in china. this appears to be a spin on this ad from ohio last week. >> i saw a store today, one of the great manufacturers in this state, jeep. now owned by the italians, thinking of moving all production to china. i will fight for every good job in america and i'm going to fight to make sure trade is fair and if it's fair america will win. >> that line about jeep moving american jobs to china? moving all production to china? that is not true. chrysler is not moving its produ
he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where...
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under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking at a hubble telescope-length distances between campaign ads and reality. gm's creating jobs in the united states and repateuating profits back to this country should be a source of bipartisan pride." these ads had jeep employees scared about losing their jobs. so chrysler's ceo felt the need to set the record straight. he pointed out mitt romney's lie for the second time. in an e-mail to employees, he wrote "jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it is inaccurate to suggest anything
under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking...
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
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with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters. that's something you typically do when you're behind. the romney campaign insists to me we feel like we're in a very good position in ohio. we're within striking distance but the polls show president obama with a five-point lead. some had it smaller. >> quickly, they say the economy is improving and according to the polls most give president obama a credit for. >> we're actually seeing that people voting for president obama supporting him in polls optimistic and bullish on the state of the economy. if you're a romney voter or you're leaning towards romney in the polls probably have the opposite view. that
with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters....
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yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even though it was in the supreme court this year, and obama did. there are still important issues where they will not tell the truth or give any answer at all. >> and i -- he's not trying to trick the jeep workers in toledo who know the truth. >> right. >> he's trying to get other people in ohio who don't have someone at the kitchen table who can tell them exactly how it works at chrysler. >> yeah, this is sort of like targeting messaging for low-information voters. i mean to your point. >> and doing it at the last minute. >> the last minute. it's harder to rebut. and one other p
yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> former governor ted strickland on mitt romney's last desperate gasp to fool the buckeye state. those surprising little things she does still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> former governor ted strickland on mitt romney's last desperate gasp to fool the buckeye state. those surprising little things she does still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your...
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under president obama, gm cut 15,000 american jobs, but they're planning to double the number of cars built in china which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? >> that provoked general motors spokesman to release this statement "we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its since call worst will diminish our record of creating jobs in the u.s. and repatriating profits back to this country." and in an
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under...
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auto bailout, and as we made the point about three or four years ago right after the auto bailout, gm goes and so goes the obama presidency and so goes the election. this campaign with so much attention focused on ohio, one in eight jobs are related somehow to the auto industry there. you see the romney campaign try to make a move and correct things. the question is whether it's too late and whether they're being hit very hard on this current attack that they've had on that jeep ad. >> thank you so much. greatly appreciate you coming on. we'll see what happens there. thank you, mark. massachusetts senator scott brown and elizabeth warren canceled their final debate for tonight as a result of hurricane sandy. in statements both candidates said going forward with the fourth debate would be, quote, inappropriate. it's after a new boston globe poll shows the race tied with brown slightly leading warren 45-43. you know there's a university poll out saying warren is up around 7 points. nevertheless there's a big shift from what you and what "the boston globe" indicated back in september. >>
auto bailout, and as we made the point about three or four years ago right after the auto bailout, gm goes and so goes the obama presidency and so goes the election. this campaign with so much attention focused on ohio, one in eight jobs are related somehow to the auto industry there. you see the romney campaign try to make a move and correct things. the question is whether it's too late and whether they're being hit very hard on this current attack that they've had on that jeep ad. >>...
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just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> you are watching "worldwide exchange" and these are your headlines. sandy leaves a massive path of devastation in its wake as r residents belong a long and costly recovery process. >>> barclays with two new investigations in the u.s. as the bank u
just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get...
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gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some areas likely to be without -- some of you in t
gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that...
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but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's interesting. let's talk about some of these state polls. they show obama waleed in wisconsin, new hampshire and iowa. and he has a five-point lead in ohio. you've been talk being to team obama, his top officials. what do they make of these numbers? >> i was in chicago two days ago and they are confident about the president's ability to win re-election. that's a normal place for the obama campaign. they are never anything other than superconfident. >> over confident? >> the obama campaign know their voter contacts and if they cho what they know they will win. but if they know is wrong they will lose. if everything
but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians building jeeps in china. >> chrysler issued a statement last week saying jeep has intention of shifting production of jeep models out of the north america to china. this president said this election is about trust. we have chrysler saying that romney was flat-out wrong, but he's still pushing this issue. do you believe that governor romney for the readers of "the register" is the candidate that should be trusted? >> it's great to be with you today. speaking as the editor and also as a member of the editorial, i want to preface that this was a five-member editorial board that sfent an awful lot of time looking at the candidates, the campaigns, the issues and platforms and visions and spent a lot of time being deliberative and thoughtful in our decision as it relates to the endorsement. at end of the day what we've heard repeatedly, thomas, for several, several months, through this whole cycle is the importance of the economic recovery in iowa. that's what our readers and voters in iowa are most concerned abou
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians building jeeps in china. >> chrysler issued a statement last week saying jeep has intention of shifting production of jeep models out of the north america to china. this president said this election is about trust. we have chrysler saying that romney was flat-out wrong, but he's still pushing this issue. do you believe that governor romney for the readers of "the register" is the candidate that...
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gm or the small businesses that we help cover have three basic types of risk. they have property risk, people risk and liability risk. and we walk each of our clients through an assessment to quantify their exposure and help them understand where they have the greatest gaps. >> obviously, the risks are going up tour brian's point, seems we are getting more and more natural dissasers of grand scale, tim. so, over time, will premiums have to go up? will prices go up for the businesses you insure? >> it meernts the amount of capital that the overall insurance market has and interesting to see went modeling finally comes out with the $5 to $10 billion of early estimates, what that's going to do with prices, probably increase prices in the near term. ex-poesh slurs going pup you the amount covered for businesses is increasing as well. >> ted devine, thanks for taking time with us on cnbc, ted. >> i really appreciate t. >> take care. >>> some of the nation's biggest department stores and chain stores are sill closed right now and you closed means they are not making
gm or the small businesses that we help cover have three basic types of risk. they have property risk, people risk and liability risk. and we walk each of our clients through an assessment to quantify their exposure and help them understand where they have the greatest gaps. >> obviously, the risks are going up tour brian's point, seems we are getting more and more natural dissasers of grand scale, tim. so, over time, will premiums have to go up? will prices go up for the businesses you...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> what the romney campaign is saying about the ad today. we're going to be joined by former ohio governor ted strickland. we'll get a response to the polls that show the race in ohio is neck and neck. nasa released a remarkable image of hurricane sandy from space. home ominous is that i can imagine? you can monitor the latest on sandy and watch live streaming coverage of the weather channel. go to weather.com. [ female announcer ] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. >>> welcome back to our continuing coverage of hurrica
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> what the romney campaign is saying about the ad today. we're going to be joined by former ohio governor ted strickland. we'll get a response to the polls that show the race in ohio is neck and neck. nasa released a remarkable image of hurricane sandy from space. home ominous is that i can imagine? you can monitor the latest on sandy and watch live streaming...
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Oct 31, 2012
10/12
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FBC
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when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is trying to get back to a sense of normalcy here. i'm hearing about guys talking about sleeping in host tolls, going to homes with power. everybody is contending and juggling a lot as they try to continue to keep markets running smoothly. back to you. cheryl: nicole, thank you very much. got brakinging news. ashley: we certainly do. the "new york post" reporting that mayor bloomberg will temporarily be banning passenger cars from entering manhattan. of course this is the as the city struggles to recover from hurricane sandy. the streets today were absolutely at a standstill. took people hou
when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is...
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Oct 29, 2012
10/12
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obama took gm and chrysler to bankruptcy and sold chrysler to italens that will make jeeps in china. >> chrysler is not moving production to china. in fact, they are expanding u.s. production, and the fact they are going to sell jeeps in china is a signal that they have been tremendously successful. >> what did the italians ever do? leave me out of this. >> i'm struggling to see what exactly in that ad was true. >> it's a very desperate tactic where they're trying to do anything to change the game at this point. >> wow. straight ahead, back to the storm. live reports from out in the field, and the latest on when and where this is going to get bad. from the experts at the weather channel. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching
obama took gm and chrysler to bankruptcy and sold chrysler to italens that will make jeeps in china. >> chrysler is not moving production to china. in fact, they are expanding u.s. production, and the fact they are going to sell jeeps in china is a signal that they have been tremendously successful. >> what did the italians ever do? leave me out of this. >> i'm struggling to see what exactly in that ad was true. >> it's a very desperate tactic where they're trying to do...
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Oct 30, 2012
10/12
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KRON
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there were hundreds of people at gm behind those barricades. just hoping to get a glimpse of their favorite player. some of them brought newspapers. that they won the world series and also offering to get an autograph from their baseball caps. and why they wanted to wait to see their favorite player. >> they are going to welcome the champs hulman. >> to congratulate them the least we could do to show our appreciation. >> we just whipped detroit. >> and if it was unbelievable. i was proud. and when they are coming home and getting that sweet, it was beautiful. >> i also wanted to show you some of that new world series here at the dugout stores. noticed the official ahaftpast haf--hat and also this is the official t- shirt. if you want to wear on one of these? they are out of sizes i would not waste any time. reporting live, justine, kron 4. >> it did get wild last night most of the celebrations of the street but some did get destructive. this is a muni bus. you can see it as graffiti on the front windshield and they also tried to bash in the win
there were hundreds of people at gm behind those barricades. just hoping to get a glimpse of their favorite player. some of them brought newspapers. that they won the world series and also offering to get an autograph from their baseball caps. and why they wanted to wait to see their favorite player. >> they are going to welcome the champs hulman. >> to congratulate them the least we could do to show our appreciation. >> we just whipped detroit. >> and if it was...
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Oct 31, 2012
10/12
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CNBC
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romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on
romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what...
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Oct 31, 2012
10/12
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FBC
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back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pr
back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after...
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Nov 3, 2012
11/12
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CSPAN
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gm cut 15,000 american jobs, but they are planning to double the number of cars in china which means 15,000 more jobs for china. chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this has been on television ads across all media markets as well. guest: what i have seen in northeast ohio, yes, there is a version of that that runs. it has drawn a strong rebuke from the owners of chrysler. again, it is taking two unrelated things and trying to argue that the president is responsible for the shipping of jobs to china. it's taking -- there are investments being made in jeep in ohio. i think it is an example of how important the although voter is. -- the auto voter is. there may be some people who peel off who get upset about that china issue. host: running ads directly challenging
gm cut 15,000 american jobs, but they are planning to double the number of cars in china which means 15,000 more jobs for china. chrysler plans to start making jeeps in china. what happened to the promises made to autoworkers in ohio? this same hard-working men and women who were told the auto bailout would help them. mitt romney would welcome the auto industry. mitt romney, he will stand up for the auto industry in ohio. not china. host: so that is a radio ad that we were talking about. this...
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Oct 30, 2012
10/12
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. >> obama took gm and chrysler into bankruptcy, and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. charles: all right guys, ford didn't take a bailout and amazing numbers, general motors in the meantime, losing market share, bogged down by the volt, bogged down by a pension, bogged down by government interference, i don't know. >> all of solvable exception the pension problem. they didn't go through a regular structured bankruptcy which is what romney said they could do. yeah, but governor romney there was no private finance, remember the financial markets were collapsing and yet if you read his op-ed and i did the other way, 2008 op-ed put it in restructured bankruptcy and then have government-- >> as a back stop. >> a lot of conservatives don't like that, but you can see what he was talking about. charles: it would have worked, i agree. >> and what's key tt bankruptcy, it would have lowered their labor costs and would have been a requirement in the bankruptcy they're at $80 an hour and now at 60 when the competition i
. >> obama took gm and chrysler into bankruptcy, and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. charles: all right guys, ford didn't take a bailout and amazing numbers, general motors in the meantime, losing market share, bogged down by the volt, bogged down by a pension, bogged down by government interference, i don't know. >> all of solvable exception the pension problem. they didn't go through a regular...
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Oct 31, 2012
10/12
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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Oct 31, 2012
10/12
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and the latest ad, a radio ad, the governor's campaign also accuses gm of moving 15,000 american jobs to china. gmish u issued a statement. in it they say we've clearly entered some parallel universe during these last few days. no anount of campaign politics at its cynical worst will change our record. it's not just that romney is taking on the president in ohio, romney is taking on the auto industry. and how is that resonating with oh ohioans, especially the job market we know there is one of the better ones in the country. >> it is, thomas. i was listening to some of the governor's remarks and i tell you, it made me nauseous, absolutely nauseous to hear this talk about things like that. jeep is investing $500 million into that plant in toledo. they'll be hiring 1,100 more workers. the fact that governor romney not only would lie but to incite fear into the residents and citizens of the state when it comes to the auto industry, he knows good and well that the president's policies helped to save the auto industry. and in the state of ohio, that means a lot of those are middle class jo
and the latest ad, a radio ad, the governor's campaign also accuses gm of moving 15,000 american jobs to china. gmish u issued a statement. in it they say we've clearly entered some parallel universe during these last few days. no anount of campaign politics at its cynical worst will change our record. it's not just that romney is taking on the president in ohio, romney is taking on the auto industry. and how is that resonating with oh ohioans, especially the job market we know there is one of...
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Oct 31, 2012
10/12
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CNN
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the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringi
the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right?...